Alibaba Group Holding Limited (NYSE: BABA, “Alibaba”) announced today that the company will acquire all outstanding shares that it does not already own in Ele.me, a leading online delivery and local services platform in China, in a transaction that implies the enterprise value of Ele.me at US$9.5 billion. Alibaba and its affiliate Ant Small and Micro Financial Services Group Co., Ltd. currently own approximately 43% of the outstanding voting shares of Ele.me.
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businesswire.com/news/home/20180401005041/en/Alibaba-Acquire-Full-Ownership-China-Online-Delivery
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businesswire.com/news/home/20180401005041/en/Alibaba-Acquire-Full-Ownership-China-Online-Delivery
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